From the category archives:

deficits

State of the Economic Union: How Will Obama Get Massive U.S. Budget Deficits To Budge?

January 27, 2010 · 2 comments

in 2010, GDP, January, Obama, US Treasury, US debt, US economy, budgets, debt, deficits, employment, fiscal year, government, news and updates, recession, special dates, stimulus, stimulus plan

The Obama administration sits between an economic rock and a political hard place.  Others might call it a contradiction.  Obama needs to cut spending, but he’s doing this at the same time that more spending is being introduced (on job creation, more troops in Afghanistan).  Slight cuts in some areas are supposed to offset increased [...]

{ 2 comments }

Biggest Foreign Buyers of U.S. Debt

January 4, 2010 · 5 comments

in China, Federal Reserve, GDP, US Treasury, US debt, US dollar, central banks, currencies, debt, deficits, hyperinflation, interest rates, international economy, money supply, wealth transfer, world reserve currency

Aside from American financial institutions and the Fed (the buyer of last resort), the largest buyers of US Treasuries and notes are all Asian countries.  You can probably guess which ones.
#1 – China
.
China, more than anyone, is probably most concerned with the value of the US dollar and the stability of their US dollar investments.  [...]

{ 5 comments }

As Canadian Bank Earnings and Economy Go Down, Canadian Dollar is Up

May 29, 2009 · 3 comments

in Canadian dollar, Canadian economy, banks, deficits, inflation

The Canadian business news equivalent of “if it bleeds, it leads” has got to be the quarterly earnings reports of the Big Five banks.  This week it’s the Royal Bank of Canada, reporting its first losses since 1993.
It’s one seeming irony that Heather Scoffield has pointed out – for so long it’s been the other [...]

{ 3 comments }

Revenge of the Gold-Bugs?

January 10, 2009 · 2 comments

in Obama, Peter Schiff, debt, deficits

Well, I think Peter Schiff’s reputation is on a tear.  He’s got two new books coming out.  His latest book got a thumbs-up recommendation from Jim Rogers.  He’s getting 2-3 speaking requests per day from around the world.
I used to read Schiff and the Doom and Gloom crowd quite a bit before the last year [...]

{ 2 comments }

States With the Biggest Budget Holes

November 27, 2008 · 0 comments

in US economy, deficits

As reported by CNBC, in order of greatest gap to lowest gap:
Arizona (deficit of $2.4 billion for the year)
California
Florida
Nevada
Rhode Island
Virginia
South Carolina
New York
New Hampshire
Alabama (deficit of $784 million for the year)
Related Posts Earnings Trail Market By About One Year Bailout of America Started Years Ago, But it Could Fall [...]

{ 0 comments }